Posts Tagged ‘Fontainebleau bankruptcy’

Casino Firm Could Buy Bankrupt Fontainebleau Las Vegas

fontainebleau-hotelPenn National Gaming plans on covering all expenses for the Vegas Fontainebleau bankruptcy. Jeffrey Soffer’s legal team is negotiating to auction off the Fontainebleau Las Vegas with a starting bid that would amount to only pennies on the dollar for the unfinished and bankrupt casino hotel.

Casino owner Penn National Gaming has offered to pay less than $300 million for the Fontainebleau Vegas, a project that has already spent about $2 billion, said Scott Baena, the Miami bankruptcy lawyer representing the Vegas Fontainebleau.